BSE Code - 507878
Face Value - Rs 2.00
Group - BSE 'A'
Shareholding pattern - (a)Promoters - 47.81%
(b)Institutions - 30.83%
(c)Non-Institutions - 21.36%
One year High-Low -Rs 38.60 - Rs 10.86
Unitech, being one of the leading real estate companies, has several business segments relating to residential, commercial, Information Technology (IT) parks, retail, amusement parks, etc, with over four decades of achievement and continues to be a prominent player with high degree of quality and affordable real estate in the Indian market space.
In a bid to reduce debt by 15-20% and improve cash-flows for faster execution of ongoing projects, real estate firm Unitech is planning to sell non-core land. At present, the company has over 100 ongoing projects, totaling an area of 38.41 million sq ft. Its net debt stood at Rs 5,900 crore at the end of the first quarter of this fiscal.
Earlier in June, Unitech had sold its 40% stake each in four IT SEZ projects for over Rs 1,300 crore to Canada’s Brookfield Asset Management.
Current price of stock is Rs 24.10, up by 0.10 points from its previous closing of Rs 23.90 on the BSE.
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